The average production of oil, natural gas liquids (NGL), and natural gas experienced a slight reduction of 1.5 percent in the quarter compared to the previous one
The average output under the sharing regime stood at 819 thousand bpd in May. The government’s share in the total was reported to reach a record 45.7 thousand bpd—up 32% from the previous month.
Regarding natural gas production for commercial use, in January it stood at 2.28 million cubic meters (m³) per day, a 17% increase compared to the previous month.
A total of BRL 37.6 billion and BRL 36.8 billion have been distributed to states, municipalities, and the federal government in royalties and special stocks respectively—up 65 percent from 2020.
Brazil set a new record for oil production in 2019 and exceeded the 1 billion barrels a year threshold for the first time. The exact output stood at 1.018 billion barrels—up 7.78 percent from the amount produced in 2018, 944.117 million barrels.
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